Assessing The Impact And Phasing Of Multi Year Fiscal Adjustment PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Assessing The Impact And Phasing Of Multi Year Fiscal Adjustment PDF full book. Access full book title Assessing The Impact And Phasing Of Multi Year Fiscal Adjustment.
Author | : Ran Bi |
Publisher | : International Monetary Fund |
Total Pages | : 32 |
Release | : 2013-08-23 |
Genre | : Business & Economics |
ISBN | : 1475561148 |
Download Assessing the Impact and Phasing of Multi-year Fiscal Adjustment Book in PDF, ePub and Kindle
This paper provides a general framework to assess the output and debt dynamics of an economy undertaking multi-year fiscal adjustment. The framework allows country-specific assumptions about the magnitude and persistence of fiscal multipliers, hysteresis effects, and endogenous financing costs. In addition to informing macro projections, the framework can also shed light on the appropriate phasing of fiscal consolidation—in particular, on whether it should be front- or back-loaded. The framework is applied to stylized advanced and emerging economy examples. It suggests that for a highly-indebted economy undertaking large multi-year fiscal consolidation, high multipliers do not always argue against frontloaded adjustment. The case for more gradual or back-loaded adjustment is strongest when hysteresis effects are in play, but it needs to be balanced against implications for debt sustainability. Application to actual country examples tends to cast doubt on claims that very large multipliers have been operating post-crisis. It seems that the GDP forecast errors for Greece may have been due more to over-optimism on potential growth estimates than to underestimating fiscal multipliers.
Author | : Ms.Katrin Elborgh-Woytek |
Publisher | : International Monetary Fund |
Total Pages | : 42 |
Release | : 2013-12-01 |
Genre | : Social Science |
ISBN | : 1484371240 |
Download Women, Work, and the Economy Book in PDF, ePub and Kindle
The proposed SDN discusses the specific macro-critical aspects of women’s participation in the labor market and the constraints that prevent women from developing their full economic potential. Building on earlier Fund analysis, work undertaken by other organizations and academic research, the SDN presents possible policies to overcome these obstacles in different types of countries.
Author | : Muneesh Kapur |
Publisher | : International Monetary Fund |
Total Pages | : 66 |
Release | : 2014-04-29 |
Genre | : Business & Economics |
ISBN | : 1475516835 |
Download India’s Recent Macroeconomic Performance Book in PDF, ePub and Kindle
The macroeconomic policy response in India after the North Atlantic financial crisis (NAFC) was rapid. The overshooting of the stimulus and its gradual withdrawal sowed seeds for inflationary and BoP pressures and growth slowdown, then exacerbated by domestic policy bottlenecks and volatility in international financial markets during mid-2013. Appropriate domestic oil prices and fiscal consolidation will contribute to the recovery of private sector investment. Fiscal consolidation would also facilitate a reduction in inflation, which would moderate gold imports and favorably impact real exchange rate and current account deficit.
Author | : Stavros Mavroudeas |
Publisher | : Routledge |
Total Pages | : 263 |
Release | : 2014-07-25 |
Genre | : Business & Economics |
ISBN | : 1317756142 |
Download Greek Capitalism in Crisis Book in PDF, ePub and Kindle
Despite the depth of the Greek crisis, the exorbitant burdens placed upon the working people and the massive popular resistance movement to capitalist policies, there is a definite lack of consistently Marxist analyses of the Greek problem. International debates regarding the Greek crisis have been dominated by orthodox (Neoclassical and neo-Keynesian) approaches. The heterodox side of these debates has been occupied by Radical Political Economy approaches (usually radical post-Keynesian or Marxo-Keynesian perspectives). Moreover, they are dominated by the ‘financialisation’ thesis which is quite alien to Marxism, neglects the sphere of production and professes that the global crisis is simply a financial crisis that has nothing to do with ‘real’ accumulation and the profit rate. This book argues that by emphasising the sphere of production and profitability, classical Marxist analysis better explains the Greek crisis than its orthodox and heterodox competitors. The contributors present critiques of the prevalent approaches and offer studies of the Greek crisis that use the methodology and the analytical and empirical tools of classical Marxist Political Economy. In particular, it is shown that the Greek crisis was caused by falling profitability and the ensuing overaccumulation crisis. The ‘broad unequal exchange’ existing between the euro-center and the euro-periphery contributed to Greek capital’s falling profitability. This book enriches the debate about the Greek economic crisis by demonstrating the insights that can be drawn by considering the Marxist alternative to the dominant mainstream and heterodox approaches.
Author | : |
Publisher | : BRILL |
Total Pages | : 361 |
Release | : 2022-11-21 |
Genre | : Social Science |
ISBN | : 9004514600 |
Download Global Poverty Book in PDF, ePub and Kindle
This book provides a critical understanding of the causes of global poverty by international scholars from multiple disciplines. It is theoretical and empirical, dealing with both economic and non-economic aspects of poverty creation, to offer intellectual insights and political prescriptions.
Author | : Mr.Jack Diamond |
Publisher | : International Monetary Fund |
Total Pages | : 84 |
Release | : 1999-07-01 |
Genre | : Business & Economics |
ISBN | : 9781557757876 |
Download Guidelines for Public Expenditure Management Book in PDF, ePub and Kindle
Traditionally, economics training in public finances has focused more on tax than public expenditure issues, and within expenditure, more on policy considerations than the more mundane matters of public expenditure management. For many years, the IMF's Public Expenditure Management Division has answered specific questions raised by fiscal economists on such missions. Based on this experience, these guidelines arose from the need to provide a general overview of the principles and practices observed in three key aspects of public expenditure management: budget preparation, budget execution, and cash planning. For each aspect of public expenditure management, the guidelines identify separately the differing practices in four groups of countries - the francophone systems, the Commonwealth systems, Latin America, and those in the transition economies. Edited by Barry H. Potter and Jack Diamond, this publication is intended for a general fiscal, or a general budget, advisor interested in the macroeconomic dimension of public expenditure management.
Author | : Mr.James Daniel |
Publisher | : International Monetary Fund |
Total Pages | : 80 |
Release | : 2006-08-17 |
Genre | : Business & Economics |
ISBN | : 9781589065130 |
Download Fiscal Adjustment for Stability and Growth Book in PDF, ePub and Kindle
The pamphlet (which updates the 1995 Guidelines for Fiscal Adjustment) presents the IMF’s approach to fiscal adjustment, and focuses on the role that sound government finances play in promoting macroeconomic stability and growth. Structured around five practical questions—when to adjust, how to assess the fiscal position, what makes for successful adjustment, how to carry out adjustment, and which institutions can help—it covers topics such as tax policies, debt sustainability, fiscal responsibility laws, and transparency.
Author | : International Monetary Fund |
Publisher | : International Monetary Fund |
Total Pages | : 112 |
Release | : 2014-05-23 |
Genre | : Business & Economics |
ISBN | : 1498343333 |
Download The Fund’s Lending Framework and Sovereign Debt - Annexes Book in PDF, ePub and Kindle
NULL
Author | : Ms.Petya Koeva Brooks |
Publisher | : International Monetary Fund |
Total Pages | : 286 |
Release | : 2015-10-21 |
Genre | : Business & Economics |
ISBN | : 1513566768 |
Download The Mechanics of a Strong Euro Area Book in PDF, ePub and Kindle
Among member states, many structural weaknesses were exposed when economic performance declined significantly and financial markets became more discerning. This book focuses on the analytical underpinnings of real-time policy advice given to euro area policymakers during four cycles of the IMF’s annual Article IV consultations (2012–15) with euro area authorities.
Author | : Mary P. Murphy |
Publisher | : Springer |
Total Pages | : 350 |
Release | : 2016-10-04 |
Genre | : Political Science |
ISBN | : 1137571381 |
Download The Irish Welfare State in the Twenty-First Century Book in PDF, ePub and Kindle
This book provides a critical and theoretically-informed assessment of the nature and types of structural change occurring in the Irish welfare state in the context of the 2008 economic crisis. Its overarching framework for conceptualising and analysing welfare state change and its political, economic and social implications is based around four crucial questions, namely what welfare is for, who delivers welfare, who pays for welfare, and who benefits. Over the course of ten chapters, the authors examine the answers as they relate to social protection, labour market activation, pensions, finance, water, early child education and care, health, housing and corporate welfare. They also innovatively address the impact of crisis on the welfare state in Northern Ireland. The result is to isolate key drivers of structural welfare reform, and assess how globalisation, financialisation, neo-liberalisation, privatisation, marketisation and new public management have deepened and diversified their impact on the post-crisis Irish welfare state. This in-depth analysis will appeal to sociologists, economists, political scientists and welfare state practitioners interested in the Irish welfare state and more generally in the analysis of welfare state change.